Gerard purchased a $100,000 US T-bill for $98,000 US at a time when the exchange rate was

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Gerard purchased a $100,000 US T-bill for $98,000 US at a time when the exchange rate was 0.68. When the T-bill matured, the exchange rate was 0.665. What is Gerrard's foreign exchange gain, BEFORE considering the $200 exemption?

A) 3,317

B) 2,941

C) 2,488

D) 3,117

Related Book For answer-question

Business Law The Ethical Global and E-Commerce Environment

ISBN: 978-0071317658

15th edition

Authors: Jane Mallor, James Barnes, Thomas Bowers, Arlen Langvardt

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Posted Date: Oct 20, 2020 09:03 PM

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Gerard purchased a $100,000 US T-bill for $98,000 US at a time when the exchange rate was

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Business Law The Ethical Global and E-Commerce Environment

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